Did a good deal turn into an overpriced insurance policy? It’s a common feeling and there are many Los Angeles consumers feeling the pinch from expensive insurance.
A study showed that over 70% of consumers have bought insurance from the same company for four years or more, and almost half have never compared rates to find cheap insurance. American drivers can save hundreds of dollars each year, but they just assume it’s a time-consuming process to compare other rate quotes. Multiple insurers compete to insure your vehicles, so it’s not easy to compare every company and get the definite best price available on Chevy Silverado 2500HD insurance in Los Angeles.
Consumers need to price shop coverage periodically because rates trend upward over time. Even if you got the best premium rates on Chevy Silverado 2500HD insurance in Los Angeles two years ago you can probably find a better price now. There are a lot of ways to save on Silverado 2500HD insurance online, but I’m going to show you the best ways to put money back in your pocket.
If you have insurance now or just want to reduce your rates, use these tips to get lower rates without reducing protection. Choosing the best rates in Los Angeles is not that difficult as long as you know where to start. Drivers just need to know the proper way to get comparison rates online from multiple companies.
Reducing your insurance rates isn’t really that difficult. The only requirement is to take the time comparing price quotes to discover which company has cheaper Los Angeles car insurance quotes.
It’s so simple to compare car insurance price quotes online makes it a waste of time to drive to local Los Angeles insurance agencies. The fact that you can get quotes online has made agencies unnecessary unless your situation requires the personal advice of an agent trained in personal lines coverage. It is possible with some companies compare online quotes and get advice from an agent in your area.
The providers in the list below offer comparison quotes in California. If multiple providers are shown, we recommend you visit as many as you can in order to find the most affordable rates.
Car insurance just makes sense
Even though it’s not necessarily cheap to insure a Chevy in Los Angeles, insurance is required in California but it also protects you in many ways.
First, the majority of states have mandatory liability insurance requirements which means you are required to carry a minimum amount of liability in order to drive the car legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if you bought your Silverado 2500HD with a loan, more than likely the lender will make it a condition of the loan that you carry insurance to guarantee loan repayment. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Chevy for a much higher rate and force you to pay for it.
Third, car insurance protects both your assets and your car. It will also reimburse you for medical bills that are the result of an accident. As part of your policy, liability insurance will also pay to defend you if someone files suit against you as the result of an accident. If your Chevy gets damaged, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.
The benefits of carrying enough insurance are without a doubt worth the cost, especially for larger claims. Today the average American driver overpays more than $800 each year so shop around at every renewal to save money.
Rates and data analysis
The information displayed next showcases a range of insurance policy prices for Chevy Silverado 2500HD models. Learning how car insurance premiums are determined can help customers make informed purchases.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado 2500HD LT Crew Cab 4WD||$314||$546||$442||$26||$132||$1,460||$122|
|Silverado 2500HD LT Crew Cab 2WD||$314||$630||$500||$30||$150||$1,624||$135|
|Silverado 2500HD LTZ Crew Cab 4WD||$314||$546||$442||$26||$132||$1,460||$122|
|Silverado 2500HD LT Crew Cab Diesel 4WD||$348||$630||$442||$26||$132||$1,578||$132|
|Silverado 2500HD LT Crew Cab Diesel 2WD||$348||$630||$500||$30||$150||$1,658||$138|
|Silverado 2500HD LT Extended Cab Diesel 2WD||$348||$630||$500||$30||$150||$1,658||$138|
|Silverado 2500HD LTZ Crew Cab 2WD||$348||$630||$500||$30||$150||$1,658||$138|
|Silverado 2500HD LTZ Crew Cab Diesel 4WD||$348||$630||$442||$26||$132||$1,578||$132|
|Silverado 2500HD LTZ Crew Cab Diesel 2WD||$348||$712||$500||$30||$150||$1,740||$145|
|Get Your Own Customized Quote Go|
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Premium amounts do not factor in specific location information which can change prices noticeably.
The diagram below shows how choosing a deductible and can affect Chevy Silverado 2500HD insurance premiums for each age group. The premium estimates are based on a single male driver, full physical damage coverage, and no discounts are factored in.
Males versus Females
The illustration below illustrates the comparison of Chevy Silverado 2500HD auto insurance costs for male and female drivers. Data assumes no accidents or driving violations, full physical damage coverage, $1,000 deductibles, single marital status, and no policy discounts are applied.
Do you need full coverage?
The information below illustrates the difference between Chevy Silverado 2500HD annual premium costs when comparing full coverage to liability only. The premium estimates are based on a clean driving record, no at-fault accidents, $500 deductibles, single status, and no additional discounts are factored in.
When to drop comprehensive and collision
There is no exact formula to exclude full coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is more than around 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s say your Chevy Silverado 2500HD settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $6,000 after paying the physical damage deductible. If premium cost is more than $600 annually for your policy with full coverage, then it may be the right time to buy liability only.
There are some situations where removing full coverage is not in your best interest. If you haven’t paid off your loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Lower rates by qualifying for these nine discounts
Some insurers don’t always advertise every possible discount in a way that’s easy to find, so the below list has both well-publicized and the harder-to-find credits available to lower your premiums when you buy Los Angeles car insurance online.
- Safety Course Discount – Successfully completing a class that teaches driver safety techniques may get you a small discount depending on where you live.
- Pay Now and Pay Less – If paying your policy premium upfront as opposed to paying monthly you can avoid monthly service charges.
- E-sign Discounts – A handful of companies provide a small discount for completing your application on the web.
- Student Discounts – Maintaining excellent grades can get you a discount of up to 25%. Many companies even apply the discount to college students up to age 25.
- Bundle and Save – If you have multiple policies and insure them with the same company you will save approximately 10% to 15%.
- Military Rewards – Being on active duty in the military could qualify you for better prices.
- Renewal Discounts – A few larger companies offer discounts for signing up prior to your current Silverado 2500HD insurance policy expiration. You may see this discount when you get Los Angeles car insurance quotes online.
- Anti-lock Brakes – Cars and trucks equipped with ABS or steering control can stop better under adverse conditions so you can save 10 percent or more.
- Drivers Education – Cut your cost by having your teen driver enroll in driver’s education in school or through a local driver safety program.
Discounts reduce rates, but you should keep in mind that most discount credits are not given to the whole policy. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like you could get a free insurance policy, company stockholders wouldn’t be very happy. Any amount of discount should help reduce your policy premiums.
The diagram below illustrates the difference between Chevy Silverado 2500HD car insurance costs with and without discounts applied. The prices are based on a female driver, no claims or driving violations, California state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, multi-car, homeowner, marriage, and safe-driver discounts applied.
A few popular companies and some of the premium reductions they offer can be found below.
- 21st Century discounts include driver training, anti-lock brakes, good student, homeowners, defensive driver, and teen driver.
- Progressive includes discounts for online quote discount, continuous coverage, online signing, multi-vehicle, multi-policy, homeowner, and good student.
- State Farm policyholders can earn discounts including student away at school, anti-theft, accident-free, driver’s education, good student, and good driver.
- Nationwide offers discounts for anti-theft, defensive driving, Farm Bureau membership, good student, accident-free, and multi-policy.
- Esurance offers discounts including defensive driver, emergency road assistance, multi-car, multi-policy, anti-lock brakes, homeowner, and renters.
- The Hartford has savings for good student, vehicle fuel type, driver training, air bag, and bundle.
Double check with each insurance company which discounts you qualify for. Some of the earlier mentioned discounts might not be offered in every state. To view insurance companies that offer multiple discounts in Los Angeles, follow this link.
Auto insurance quotes from neighborhood Los Angeles auto insurance agents
Certain consumers would prefer to get advice from a local agent and that can be a great decision Good agents can point out coverage gaps and give you someone to call. The biggest benefit of comparing rates online is you may find the lowest rates and still have a local agent.
By using this short form, your insurance coverage information is immediately sent to companies in Los Angeles that can provide free Los Angeles car insurance quotes to get your business. You never need to drive around due to the fact that quote results will go immediately to your email address. If you need to get a price quote from a specific auto insurance provider, you would need to search and find their rate quote page and submit a quote form there.
Choosing the best insurance company requires more thought than just a cheap price. Get answers to these questions too.
- Is coverage determined by price?
- Do they have any clout with companies to ensure a fair claim settlement?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Does their agency support local causes in Los Angeles?
- How would your car be valued if totaled?
- Do they get extra compensation for selling add-on coverages?
- How will an accident affect your rates?
The difference between Los Angeles auto insurance agents
When narrowing the list to find a local Los Angeles insurance agent, you must know there are a couple different types of agencies and how they are distinctly different. Agencies in Los Angeles can either be independent agents or exclusive agents depending on their employer. Both handle auto insurance, but it’s worth learning why they differ since it may influence which agent you choose.
These agents can only write with one company like State Farm, Allstate, or Farmers Insurance. Exclusive agents cannot provide other company’s prices so they are skilled at selling on more than just price. Exclusive insurance agents are usually quite knowledgeable on their products and sales techniques and that enables them to sell even at higher rates.
Listed below are Los Angeles exclusive agencies that are able to give comparison quotes.
Independent Auto Insurance Agencies
Agents that choose to be independent often have many company appointments so they can write business with lots of companies and find the cheapest rate. If prices rise, your policy is moved internally and the insured can keep the same agent.
If you are comparing auto insurance prices, you absolutely need to check rates from multiple independent agents in order to have the best price comparison.
The following is a list of independent insurance agencies in Los Angeles willing to provide price quote information.
Don’t assume everyone needs the same insurance coverage
When selecting the right insurance coverage for your personal vehicles, there is no “best” method to buy coverage. Every insured’s situation is different.
Here are some questions about coverages that can aid in determining whether or not you will benefit from professional help.
- What does PIP insurance cover?
- Can I rent a car in Mexico?
- Can my babysitter drive my car?
- How do I file an SR-22 for a DUI in California?
- Is upholstery damage covered by car insurance?
- When would I need additional glass coverage?
- Do I need added coverage for expensive stereo equipment?
- Why do I only qualify for high-risk insurance?
- Do I pay less for low miles?
- Does having multiple vehicles earn me a discount?
If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, take a second and complete this form. It only takes a few minutes and can help protect your family.
The coverage is in the details
Learning about specific coverages of a auto insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring.
Liability car insurance
This will cover damage or injury you incur to a person or their property in an accident. It protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 15/30/5 that translate to a $15,000 limit per person for injuries, a limit of $30,000 in injury protection per accident, and $5,000 of coverage for damaged property.
Liability insurance covers things such as repair bills for other people’s vehicles, pain and suffering, court costs, bail bonds and loss of income. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford. California state law requires minimum liability limits of 15/30/5 but you should think about purchasing higher limits.
The chart below demonstrates why the minimum limit may not provide adequate coverage.
Medical payments and PIP coverage
Med pay and PIP coverage pay for bills like funeral costs, pain medications, dental work, X-ray expenses and ambulance fees. They are often used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage
Auto collision coverage
This covers damage to your Silverado 2500HD resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims such as scraping a guard rail, driving through your garage door and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible on your Silverado 2500HD to bring the cost down.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Since a lot of drivers only carry the minimum required liability limits (which is 15/30/5), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.
Comprehensive auto coverage
Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims like damage from flooding, falling objects, hail damage, hitting a bird and hitting a deer. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
You can find affordable coverage
When shopping online for auto insurance, it’s very important that you do not skimp on coverage in order to save money. There are a lot of situations where an insured dropped full coverage and learned later that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to find the BEST coverage at the best price, but do not skimp to save money.
People change insurance companies for a number of reasons such as being labeled a high risk driver, extreme rates for teen drivers, high prices or poor customer service. It doesn’t matter what your reason, choosing a new insurance company is actually quite simple.
We covered quite a bit of information on how to save on Chevy Silverado 2500HD insurance in Los Angeles. The key concept to understand is the more providers you compare, the better your comparison will be. You may even discover the lowest premium rates come from some of the smallest insurance companies.
Helpful learning opportunities
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- Who Has Affordable Auto Insurance for Low Credit Scores in Los Angeles? (FAQ)
- Who Has Affordable Car Insurance for Teenagers in Los Angeles? (FAQ)
- Who Has the Cheapest Auto Insurance for Teenage Females in Los Angeles? (FAQ)
- Who Has Affordable Los Angeles Car Insurance Rates for Drivers Under 21? (FAQ)
- Avoiding Deer Collisions (Insurance Information Institute)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Understanding Car Crashes Video (iihs.org)